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A.T. MASSEY COAL COMPANY SUBSIDIARIES ACQUIRE OCCIDENTAL COAL PROPERTIES

A.T. MASSEY COAL COMPANY SUBSIDIARIES ACQUIRE OCCIDENTAL COAL PROPERTIES
 IRVINE, Calif., Feb. 18 /PRNewswire/ -- Fluor Corp. (NYSE: FLR) announced today that subsidiaries of A.T. Massey Coal Co. have purchased additional coal properties from Island Creek Corp., a subsidiary of Occidental Petroleum Corp. (NYSE: OXY), for $41 million.
 Don Blankenship, chairman of A.T. Massey, said: "This acquisition is an excellent fit with our strategy to focus on providing utility customers with high quality, low-sulfur coal to meet the new clean air standards going into effect in 1995. These properties will provide synergy within A.T. Massey by utilizing our existing coal producing infrastructure in eastern Kentucky and West Virginia."
 The transactions primarily involve Island Creek's Big Creek No. 1 and No. 2 mines, as well as other coal properties in the same area, including the Gund preparation plant and related equipment. The purchase will add 130 million tons to Massey's existing 760 million tons of coal reserves.
 Fluor Corp. is an international engineering, construction, maintenance and technical services company with investments in coal and lead.
 -0- 2/18/92
 /NOTE: Occidental Petroleum Corp. issued a press release on the same subject today.
 /CONTACT: Deborah Land (media), 714-975-3971, or Lila Churney (investors), 714-975-3909, both of Fluor Corp./
 (FLR OXY) CO: Fluor Corp.; A.T. Massey Coal Co.; Occidental Petroleum Corp. ST: California IN: OIL MNG SU: TNM


CH-IT -- LA005 -- 9814 02/18/92 10:07 EST
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Publication:PR Newswire
Date:Feb 18, 1992
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